Member

Finally, Amendment 267 aims to amend Section 87 of the Housing Act with the objective of addressing the high costs faced by institutional landlords licensing their properties—another consequence of the institutional rented sector being subject to an Act drafted before its emergence in the UK market. Applicants for selective licences pay a fee per unit, as is appropriate for individual landlords with multiple separated units in a locality. However, institutional landlords develop large blocks which are very unlikely to fail property or management standards due to their recent development and high standards of management. Licensing units in these purpose-built blocks may require little more work for a local authority than licensing an individual unit. Despite this, institutional landlords are charged individually for each unit in their blocks.